Question Details

[solution] » The town of Hadleyville, Arizona is reeling from a recent

Brief item decscription

Step-by-step solution file


Item details:

The town of Hadleyville, Arizona is reeling from a recent
More:

The town of Hadleyville, Arizona is reeling from a recent shutdown of the Wilson Performance Automobiles Plant that employed more than 2,500 of the town's population of 40,000. In addition, the recent economic strife has lead to decreases in retail sales tax, more job losses, and public utilities that are insolvent and unable to keep up with demand despite fee hikes in 2 of the past 3 years. The town budget has been slashed twice now with overall reductions approaching 12% in the previous fiscal year. With revenues continuing to decrease and no end to the economic woes in sight, the town budgeting process begins this fall.
HADLEYVILLE

 

DEPARTMENT OF FINANCE

 

1245 LINCOLN BOULEVARD

 

HADLEYVILLE, AZ 85001

 


 

HADLEYVILLE

 


 

INTERDEPARTMENT MEMORANDUM

 

September 14, 2010

 


 

TO: Budget and Finance Teams

 

FROM: Jack Sprague, Town Manager

 

RE: Town Financial Crisis

 

As you all are aware, Hadleyville is in a deep financial crisis. As your Budget Briefing Books will show,

 

the town has experienced declining revenues ever since the Wilson Performance Automobile Plant shut

 

down 3 years ago. Beyond that, the national financial crisis has hit the town hard, and has seen even more

 

of the fragile industry disappear. Our residents have increasingly had a hard time finding work, and those

 

who have not outright left are anchored to mortgages they cannot afford and family obligations they

 

cannot meet.

 

I have divided the department into teams, and over the course of the next 8 weeks, each team is required

 

to develop a proposal outlining a 3- to 5-year plan for recovery. This will not be easy, and I suspect as

 

you delve into individual department budgets, you will encounter troubling decisions that must be made.

 

Ultimately, the political leadership of the town will have to make those decisions, but we cannot do so

 

without your help.

 

Each team will have access to information on revenues and current expenditures via the Budget Briefing

 

Books and will need to determine which two of the town?s most troubling departments need immediate

 

revisions in their operating budgets. We ask that you apply the knowledge you?ve gained about operating

 

budgets and your own personal experiences to analyze the best way to balance the need for critical town

 

services with the town?s budgeting needs.

 

Some key points: Be sure to analyze the town?s direct and entitlement obligations in the adopted budget;

 

examine at least two town departments and make recommendations for reduced spending; present an

 

overall proposal to the town council of your findings and recommendations for reducing the town budget

 

by at least 13% overall immediately; and look for ways to eliminate deficit spending in 3 years. You will

 

have a lot of options at your disposal. Be sure to weigh the positives and negatives of each.

 


 

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Feb 21, 2020

PRICE: $24

Solution~00015471.zip (18.37 KB)

Buy this answer for only: $24

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now